154.12.2033 Eligibility of endorsed capital construction projects for state economic development incentives. - Kentucky Statutes

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Page 1 of 1 154.12-2033 Eligibility of endorsed capital construction projects for state economic development incentives. (1) Any capital construction project endorsed by the Kentucky Commission on Military Affairs as preserving or creating jobs at military facilities located in Kentucky shall
be eligible for state economic development incentives prescribed in this chapter,
including but not limited to those provided in KRS 154.22-010 to 154.22-070, KRS
154.24-010 to 154.24-150, KRS 154.26-010 to 154.26-100, KRS 154.28-010 to
154.28-090 and KRS 141.400, and KRS 154.33-501 to 154.33-585; however, no
project shall receive state financial assistance unless first approved by the Kentucky
Economic Development Finance Authority. No project shall be located on federally
owned or leased property. (2) All standards, procedures, and requirements applicable to projects approved by the Kentucky Economic Development Finance Authority for state economic
development incentives pursuant to the provisions of this chapter shall be applicable
to all economic development projects submitted by the commission and approved
by the authority for assistance. (3) Notwithstanding any laws of the Commonwealth to the contrary, costs of highway and other transportation related construction and other infrastructure facilities
improvements associated with a project endorsed by the commission may be
eligible for state funding under programs administered by the Transportation
Cabinet and the Kentucky Infrastructure Authority. Effective: July 15, 1996
History: Created 1996 Ky. Acts ch. 113, sec. 5, effective July 15, 1996.